That's prudent. The calls are really juiced right now, so a lot of people are expecting something. I'm embarrassed that I didn't do more thorough DD and was expecting an update on phase 3. I feel like I let some on this thread down but we all get too excited sometimes. I'm not expecting a major announcement but now I may write the Aug $120 covered calls or higher on some of my shares, depending if it builds into the weekend conference, and take advantage of the juiced premiums. The $120 calls you can sell at $10 now.Mr President Elect said:The August ones have been overly juiced for a while. I was told not to sell calls into these a while back (I think by ag2000) b/c of the conference. Although without the pullback I would have lost my shares last week. Been a crazy run-up so far. Feels good not to have to stress it going on a tear now, but still not sure if I won't sell some calls.Prognightmare said:No they are not, they're overly juiced.RenoAg said:
Just looked. These SAVA options ain't for small bit playas. Yipes.
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Remi only bought $56k?
Thanks very much. Appreciate the thoughts and prayers.
Yes, using options he has expiring in December. 2,801 shares @20.23.McInnis 03 said:
Remi only bought $56k?
I'm in the August $150s. I've played it a few times for some short term winners, but I was hoping for a big catalyst at the conference to send it on a rope. Unfortunately I rebought at some of the highs so I'm down on these right now after the drop the past week or so and sticking to discipline I can't add any more powder.
I'd welcome any ideas to take advantage of what I believe will be a great report next week.
From what I have seen they are going to report on the 28th at 10:00am. But don't have 100% confidence in that.
I'd welcome any ideas to take advantage of what I believe will be a great report next week.
From what I have seen they are going to report on the 28th at 10:00am. But don't have 100% confidence in that.
Not sure how many contracts you have but I think you'll be okay. SAVA **should** run up from here and you can likely cut some loose before the announcement if you want to take some risk off the table.RigsTx said:
I'm in the August $150s. I've played it a few times for some short term winners, but I was hoping for a big catalyst at the conference to send it on a rope. Unfortunately I rebought at some of the highs so I'm down on these right now after the drop the past week or so and sticking to discipline I can't add any more powder.
I'd welcome any ideas to take advantage of what I believe will be a great report next week.
From what I have seen they are going to report on the 28th at 10:00am. But don't have 100% confidence in that.
Alternatively, you could sell some C160s to offset your cost, but this will limit your profit to $1k per contract if the stock goes crazy.
**I've been long SAVA since February and I'm very biased**
So everyone is all like uber bullish, right?
You don’t trade for money, you trade for freedom.
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Reno you should definitely try some spreads to get the hang of multi-leg option trades. If you want to try a cheaper premium or even paper trade it, that might be smart. But definitely get moving on this now so you can start your learning curve!AG 2000' said:You buy a call at the lower price, sell one at the upper price (as a single transaction).RenoAg said:AG 2000' said:Spreads make it more palatable. But yeah it's definitely YOLO pricing, has been since their phase 2 data came out.RenoAg said:
Just looked. These SAVA options ain't for small bit playas. Yipes.
For example, August 120/135 spread was $2.50 this morning.
Heck, you can go out and get the 160s for under $4 still. It's going to be well over that if they present good news next week.
Relative newbie here. Need to educate myself on these . spreads. Sounds debaucherous. Maybe hoorish even. I'm intrigued.
Your cost is the spread between the prices. Assuming it ends up higher price than your sell call, your profit is the difference between the spread and the cost of spread.
So as an example, a spread I bought earlier was the 120/135.
Difference between them is $15.
Cost of the spread was $2.50.
So $15-$2.50 for a $12.50 profit per share, i.e., $1250.
It caps your upside if it comes in way over the upper price, but does let you buy into something like this without having the capital investment of say buying calls outright.
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Something I find very interesting - from late June when $WWR was mid $5s until now when it's $4, the A/D and OBV haven't moved much at all.
For such a dramatic price drop you would think a large drop in "big volume" ownership would occur, but it really hasn't. In fact that OBV is riding right along it's 9EMA. So interpretation time - what does this mean? Does this mean that this price move was manipulated, and very well done, so as to cause the maximum price drop with the minimum shares shorted/sold? That sounds kewl. Or is this a function of us db retail folks pouring money into this every time significant price decay happens only to buy up all of the shares that smart money is liquidating? That sounds not great. Any of you more seasoned folks have thoughts on this?
For such a dramatic price drop you would think a large drop in "big volume" ownership would occur, but it really hasn't. In fact that OBV is riding right along it's 9EMA. So interpretation time - what does this mean? Does this mean that this price move was manipulated, and very well done, so as to cause the maximum price drop with the minimum shares shorted/sold? That sounds kewl. Or is this a function of us db retail folks pouring money into this every time significant price decay happens only to buy up all of the shares that smart money is liquidating? That sounds not great. Any of you more seasoned folks have thoughts on this?
So a case like this is where I really don't understand where the downward price pressure is coming from.
agdaddy04 said:
So a case like this is where I really don't understand where the downward price pressure is coming from.
Pretty much all small caps sold off the past couple of weeks
Tomas Hermensa said:Reno you should definitely try some spreads to get the hang of multi-leg option trades. If you want to try a cheaper premium or even paper trade it, that might be smart. But definitely get moving on this now so you can start your learning curve!AG 2000' said:You buy a call at the lower price, sell one at the upper price (as a single transaction).RenoAg said:AG 2000' said:Spreads make it more palatable. But yeah it's definitely YOLO pricing, has been since their phase 2 data came out.RenoAg said:
Just looked. These SAVA options ain't for small bit playas. Yipes.
For example, August 120/135 spread was $2.50 this morning.
Heck, you can go out and get the 160s for under $4 still. It's going to be well over that if they present good news next week.
Relative newbie here. Need to educate myself on these . spreads. Sounds debaucherous. Maybe hoorish even. I'm intrigued.
Your cost is the spread between the prices. Assuming it ends up higher price than your sell call, your profit is the difference between the spread and the cost of spread.
So as an example, a spread I bought earlier was the 120/135.
Difference between them is $15.
Cost of the spread was $2.50.
So $15-$2.50 for a $12.50 profit per share, i.e., $1250.
It caps your upside if it comes in way over the upper price, but does let you buy into something like this without having the capital investment of say buying calls outright.
Is this what's also called a credit spread or is that something entirely different?
Noob herebeen watching YouTube videos on spreads past few days trying to learn them
I am going to look at some put credit spreads tomorrow to take advantage of the juice without needing a rocketship after the report. Just a quick glance and a $75/$70 put credit spread pays $2.30 right now (wide bid/ask, so not quite sure I will get that) but that would be about an 85% roi in less than a month as long as the stock doesn't drop below $75.RigsTx said:
I'm in the August $150s. I've played it a few times for some short term winners, but I was hoping for a big catalyst at the conference to send it on a rope. Unfortunately I rebought at some of the highs so I'm down on these right now after the drop the past week or so and sticking to discipline I can't add any more powder.
I'd welcome any ideas to take advantage of what I believe will be a great report next week.
From what I have seen they are going to report on the 28th at 10:00am. But don't have 100% confidence in that.
I still think it has a lot to do with standard rotation.
Everyone (except us of course), including retail and institutional likely fairly proportionately, rotated out of smalls and into stabie stocks to "catch" the new highs in the S&P.. knowing that they could turn around within a couple weeks to a month and WWR would still be sitting there waiting for them.
Everyone (except us of course), including retail and institutional likely fairly proportionately, rotated out of smalls and into stabie stocks to "catch" the new highs in the S&P.. knowing that they could turn around within a couple weeks to a month and WWR would still be sitting there waiting for them.
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What he described is a debit spread. You still are out premium, but you sell the further out call to lessen the cost in exchange for limiting upside somewhat.
A credit spread would be selling the close to ATM strike and buying the further out. If you were bearing you could sell a call and buy the further out call. If the price stays the same or goes down you keep the premium. If it goes against you then you're out the difference in the strike prices less the initial premium you took.
A credit spread would be selling the close to ATM strike and buying the further out. If you were bearing you could sell a call and buy the further out call. If the price stays the same or goes down you keep the premium. If it goes against you then you're out the difference in the strike prices less the initial premium you took.
ryanhnc10 said:agdaddy04 said:
So a case like this is where I really don't understand where the downward price pressure is coming from.
Pretty much all small caps sold off the past couple of weeks
I get that, but where exactly is the "sell-off" on WWR?
I think the "meme" guys got out that jumped in on the last run up and moved on to the next thing and that has a lot to do with it. Honestly I think we're gonna look back on this stock 1 to 3 years from now and wonder why we didn't buy even more at these levels
Morning....
Green yet again....
Will be watching SPY if we range between about 431.73 and 434.45
Qs do we reclaim or reject 360.25...ish?
VIX falling lower into mid 18s which is good for us to go higher. Lower would be even better.
Let's wrap this up and get back on trend.
Trade wisely!
Gap ups everywhere
DBX
Might be a solid options scalp here. Cheap too with solid Delta/Theta
7/30 31 or 31.5s. Could also go out to August calls.
Has been running +2 ATR and that would be about 31.50
Break yesterday's high and think it gets back there or new ATH.
Watch for rejection at $31.
Morning All,
Been a little busy leading up to today but finally game day for our 3rd kid. Trailed out of most of my short term options but hope you guys kill it today!
A little Aggie girl will soon be here and fun fact Stayed in a hotel last night and the room assignment was 1212 whoop! 7/21/21 seems like a pretty lucky birthday! Officially going zone defense haha!
Been a little busy leading up to today but finally game day for our 3rd kid. Trailed out of most of my short term options but hope you guys kill it today!
A little Aggie girl will soon be here and fun fact Stayed in a hotel last night and the room assignment was 1212 whoop! 7/21/21 seems like a pretty lucky birthday! Officially going zone defense haha!
Congrats Outlaw! Children are such a Blessing as you know.OutlawAG04 said:
Morning All,
Been a little busy leading up to today but finally game day for our 3rd kid. Trailed out of most of my short term options but hope you guys kill it today!
A little Aggie girl will soon be here and fun fact Stayed in a hotel last night and the room assignment was 1212 whoop! 7/21/21 seems like a pretty lucky birthday! Officially going zone defense haha!
Prayers for momma and baby today.
33-year-old is no longer a 'dogecoin millionaire'but he's still buying the dips
https://www.cnbc.com/2021/07/20/dogecoin-investor-is-no-longer-a-millionaire-but-still-buys-the-dips.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Congrats on the baby girl Outlaw.
https://www.cnbc.com/2021/07/20/dogecoin-investor-is-no-longer-a-millionaire-but-still-buys-the-dips.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
A good lesson on learning when you should take some profits.Quote:
"You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. The coin hit 16 cents Tuesday morning before inching up to 17 cents.
Between his savings and borrowed funds, Contessoto said, he invested over $250,000 in dogecoin on Feb. 5 when it was priced at about 4.5 cents. About two months later, on April 15, he said, he became a dogecoin millionaire on paper.
Since then, Contessoto has refused to sell, despite dogecoin's ups and downs. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. Now, with dogecoin trading around 17 cents, he continues to buy the dip.
"I can't pass up a good bargain," Contessoto said. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said.
Congrats on the baby girl Outlaw.
That was just dumb. 250k-2M and didn't at least take half off the table.Prognightmare said:
33-year-old is no longer a 'dogecoin millionaire'but he's still buying the dips
https://www.cnbc.com/2021/07/20/dogecoin-investor-is-no-longer-a-millionaire-but-still-buys-the-dips.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboardA good lesson on learning when you should take some profits.Quote:
"You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. The coin hit 16 cents Tuesday morning before inching up to 17 cents.
Between his savings and borrowed funds, Contessoto said, he invested over $250,000 in dogecoin on Feb. 5 when it was priced at about 4.5 cents. About two months later, on April 15, he said, he became a dogecoin millionaire on paper.
Since then, Contessoto has refused to sell, despite dogecoin's ups and downs. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. Now, with dogecoin trading around 17 cents, he continues to buy the dip.
"I can't pass up a good bargain," Contessoto said. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said.
Congrats on the baby girl Outlaw.
Not to mention the borrowed funds part.
Thanks!
Thanks!
Yeah, you turn $250K into 2 MM in 4 months, you definitely cash out at least half and stay a millionaire.
VIX inching back up and Qs went red.
FJ43 said:That was just dumb. 250k-2M and didn't at least take half off the table.Prognightmare said:
33-year-old is no longer a 'dogecoin millionaire'but he's still buying the dips
https://www.cnbc.com/2021/07/20/dogecoin-investor-is-no-longer-a-millionaire-but-still-buys-the-dips.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboardA good lesson on learning when you should take some profits.Quote:
"You just gotta zoom out and chill," Contessoto, 33, told CNBC Make It. Though he isn't a financial expert, he's optimistic that dogecoin has already hit bottom. The coin hit 16 cents Tuesday morning before inching up to 17 cents.
Between his savings and borrowed funds, Contessoto said, he invested over $250,000 in dogecoin on Feb. 5 when it was priced at about 4.5 cents. About two months later, on April 15, he said, he became a dogecoin millionaire on paper.
Since then, Contessoto has refused to sell, despite dogecoin's ups and downs. Even in May, when the value of his holdings surpassed $2 million, he still didn't budge. Now, with dogecoin trading around 17 cents, he continues to buy the dip.
"I can't pass up a good bargain," Contessoto said. Last week, he bought over $5,300 worth of dogecoin when it was around 17 cents, he said.
Congrats on the baby girl Outlaw.
Not to mention the borrowed funds part.
It is our responsibility to spread the OA method of net free holdings. We must teach the world to prosper
$BBIG up pre-market 15-17% with a lot of volume for AH. Some discussion here before and previously Will Meade and Zach Morris in the twitterverse were pumping.
Wednesday Macros
Treasury Selling Exhaustion... Bear Steepening..Equities Ring "all clear" Bell
After studying the numbers yesterday we believe we have seen the selling exhaustion in Treasuries for now... We had 1 level of 10 years as the resistance yesterday and got to 1.126... We have had four of these events in the last few months, which usually lead to about a 25 basis backup in rates... 1.42, which we were at last week, is probably where the markets are going in 10 year terms...with a steeper curve... Equities have bounced nicely, making back all of its loses Tuesday from the previous day, which we referred to as "Reversal Tuesday" or Turn Around Tuesday... Markets are marginally higher this morning.
Bonds... Still good demand in corporates as 8 deals were priced yesterday led by VM Ware....spreads have come in nicely... The peak of the CDX HY, one of the easiest to follow, bounced off 300 Monday and back to 289 today...Treasuries clearly were following the "Delta" headlines where fear and panic got the better of them in the past two days... While the Delta virus gets the top headlines in the local news, the reality is that hospitalization and death rates among vaccinated people is extremely low, at about 3% and 1% respectively... It was the catalyst to get the shorts in the bond market to cover as they got stopped out...
Flows trump fundamentals...the markets are giving all the economic numbers lip service only... So is the Fed, but that might change next week... For now the price action is the action... And the flows go from fear and panic to all clear... 10 years overnight saw some buying in Asia, but once London opened we saw two block sellers of 10 year futures... Reversing some of the buying of the past few days... But 10 years could not get below the 200 day moving average of 1.26, this mornings high yield of 10 years was at 4.47 am, at 1.2567... So that remains support.
What does the Fed want?.. More employed people... The Fed prefers higher long interest rates, because that shows confidence in the economy... But the Fed will not raise short term rates in the near term... Not this year, but tapering is on the table... We expect it to be the major topic of next week's meeting and could be the catalyst that gets us back to 1.42... Jackson Hole is a focal point, but the September meeting is more likely to formally announce a tapering schedule that would start in December...
The price action will be the story until the Fed meeting next week... Players are long the treasury market, and the margin calls on Monday flushed out the weak equity and commodity holders...August still remains a lousy month for stocks, but the de-leveraging and margin calls over the last week have gotten the market back to onsides... But if the price action reverses for whatever reason, markets are vulnerable... It is still the summer and liquidity is poorer than normal...
Treasury Selling Exhaustion... Bear Steepening..Equities Ring "all clear" Bell
After studying the numbers yesterday we believe we have seen the selling exhaustion in Treasuries for now... We had 1 level of 10 years as the resistance yesterday and got to 1.126... We have had four of these events in the last few months, which usually lead to about a 25 basis backup in rates... 1.42, which we were at last week, is probably where the markets are going in 10 year terms...with a steeper curve... Equities have bounced nicely, making back all of its loses Tuesday from the previous day, which we referred to as "Reversal Tuesday" or Turn Around Tuesday... Markets are marginally higher this morning.
Bonds... Still good demand in corporates as 8 deals were priced yesterday led by VM Ware....spreads have come in nicely... The peak of the CDX HY, one of the easiest to follow, bounced off 300 Monday and back to 289 today...Treasuries clearly were following the "Delta" headlines where fear and panic got the better of them in the past two days... While the Delta virus gets the top headlines in the local news, the reality is that hospitalization and death rates among vaccinated people is extremely low, at about 3% and 1% respectively... It was the catalyst to get the shorts in the bond market to cover as they got stopped out...
Flows trump fundamentals...the markets are giving all the economic numbers lip service only... So is the Fed, but that might change next week... For now the price action is the action... And the flows go from fear and panic to all clear... 10 years overnight saw some buying in Asia, but once London opened we saw two block sellers of 10 year futures... Reversing some of the buying of the past few days... But 10 years could not get below the 200 day moving average of 1.26, this mornings high yield of 10 years was at 4.47 am, at 1.2567... So that remains support.
What does the Fed want?.. More employed people... The Fed prefers higher long interest rates, because that shows confidence in the economy... But the Fed will not raise short term rates in the near term... Not this year, but tapering is on the table... We expect it to be the major topic of next week's meeting and could be the catalyst that gets us back to 1.42... Jackson Hole is a focal point, but the September meeting is more likely to formally announce a tapering schedule that would start in December...
The price action will be the story until the Fed meeting next week... Players are long the treasury market, and the margin calls on Monday flushed out the weak equity and commodity holders...August still remains a lousy month for stocks, but the de-leveraging and margin calls over the last week have gotten the market back to onsides... But if the price action reverses for whatever reason, markets are vulnerable... It is still the summer and liquidity is poorer than normal...
Cassava Sciences to Present New Clinical Dataset at 2021 Alzheimer's Association International Conference Jul. 26 $SAVA
— PSK2329 - JHC (@psk2329) July 21, 2021
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AG
press release this morningAG 2000' said:
I just got a notification for a Form 4 for $SAVA, Remi exercising option for 2800 shares.
https://www.cassavasciences.com/news-releases/news-release-details/cassava-sciences-present-new-clinical-dataset-2021-alzheimers
Wife got pissed at the garage door yesterday and decided to back out with the passenger door open.
Good thing you're crazy rich.
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